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Virender

Virender Kapoor  |28 Answers  |Ask -

Self-improvement Expert - Answered on Jan 06, 2023

Virender Kapoor is the former director of Pune's Symbiosis Institute of Management and the founder of the Management Institute for Leadership and Excellence in Pune.He has authored more than 36 books on self-improvement designed for school students, senior managers and CEOs.... more
Asked by Anonymous - Jan 06, 2023Hindi
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Dear Sir I have completed BCom and I am trying to apply for a job. I don't have any work experience so I am being rejected for most jobs. I have some volunteering experience and have asked a few friends and people in my network to keep me posted for entry level positions. How can I apply for an entry level job? What options do you suggest? I need your help and guidance.

Ans: Hi A,I am not sure from which college you did your graduation and how good are your scores. Do you have any good hobbies like reading books or sports, organizing college fests you can show case? Remember, to get a job for a fresher, just a plain B Com is not easy. I recommend you to do a professional PG course like MBA.IF that is not possible do some good diploma courses in digital marketing or something else you are fond of. This way you will invest in yourself and make a much better career on long term basis. A graduation will not take you very far. Also start reading general books and use them during interviews, you do get weight-age for such things.
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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Jun 14, 2023

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I did masters in health services management from abroad and have been looking for entry level work since few years but no luck.Visiting various hospitals/clinics and getting their feedback on the various types of entry level positions offered and the remuneration offered has only demotivated my spirit.Also,this job hunting process has made a gap in my work history.Should I make transition to some other qualification related to my current qualification?If yes then which one?Please advice.Thanks for your response in advance.
Ans: Hello,

Transitioning to another qualification related to your current field could be a viable option to explore. It might help you gain additional skills and knowledge that can make you more competitive in the job market. However, before making such a decision, I would recommend considering a few factors:

Self-assessment: Evaluate your strengths, interests, and career goals. Reflect on why you pursued health services management in the first place and whether you still have a passion for the field. This will help you determine if pursuing a different qualification within the same domain aligns with your long-term aspirations.

Market research: Conduct thorough research on the job market for health services management professionals in your area. Explore the demand for such roles, the specific skills employers seek, and any emerging trends or opportunities within the industry. This information will help you make an informed decision about your career path.

Skills gap analysis: Assess your existing skill set and identify any gaps that might be hindering your job search. Consider acquiring additional certifications or training to enhance your qualifications. This can make you a more attractive candidate to potential employers.

Networking and professional development: Engage in networking activities within the health services management field. Attend industry conferences, join professional associations, and connect with individuals who can provide guidance and potentially open doors for job opportunities. Additionally, staying updated on industry trends and advancements through continuous professional development can give you an edge in the job market.

Consider related roles or sectors: While searching for entry-level positions directly in health services management, explore related roles or sectors where your skills and knowledge can be transferable. This could broaden your options and increase your chances of finding meaningful employment while staying within your area of interest.

Ultimately, the decision to pursue another qualification or explore alternative career paths should be based on a thoughtful assessment of your goals, market conditions, and personal interests. It may be beneficial to seek advice from career counselors, mentors, or professionals in the health services management field who can provide personalized guidance based on your specific circumstances.

Best of Luck!

Regards,
Abhishek Shah
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Career

Career Coach  |34 Answers  |Ask -

Workplace Expert - Answered on Feb 22, 2024

Asked by Anonymous - Feb 22, 2024Hindi
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I am a BA graduate, unemployed since 2022. After completing my education, I applied to several jobs but no one wanted to hire a fresher. What can I do to get a job? Please suggest some tips
Ans: It's definitely understandable to feel discouraged after facing challenges in securing a job after graduation. However, there are some steps you can take to improve your chances:

1. Reassess your job search:

• Target the right jobs: Are you applying for roles aligned with your BA degree and interests? Research suitable entry-level positions in your field or consider broader titles like "assistant" or "associate" related to your skills.
• Refine your resume and cover letter: Tailor them to each specific job, highlighting relevant skills and experiences, even if they're not directly work-related (volunteer work, projects, etc.). Quantify your achievements whenever possible.
• Expand your job search: Utilize online job boards, company websites, professional networks (LinkedIn), and recruitment agencies. Attend job fairs and networking events to connect with potential employers directly.

2. Enhance your skills and experience:

• Consider short-term courses or certifications: Gain relevant skills through online or offline courses in areas like digital marketing, data analysis, communication, or project management. These can enhance your resume and make you more competitive.
• Volunteer or freelance: Gain practical experience through volunteer work or freelance projects related to your desired field. This shows initiative and demonstrates relevant skills to potential employers.
• Develop soft skills: Build communication, teamwork, problem-solving, and time management skills through workshops, online resources, or even taking on leadership roles in volunteer work.

3. Network and seek guidance:

• Connect with professionals in your field: Attend industry events, join online communities, and reach out to people working in your desired roles. Informational interviews can provide valuable insights and potential leads.
• Seek career counseling: Talk to a career counselor or advisor at your university or community center. They can help you identify your strengths, explore career options, and refine your job search strategy.

Additional tips:

• Stay positive and motivated: Job searching can be frustrating, but don't give up. Stay focused on your goals and celebrate small wins.
• Practice your interview skills: Research common interview questions and practice your responses beforehand. Be confident, articulate your skills clearly, and express your enthusiasm for the role.
• Keep learning and developing: Continuous learning demonstrates your commitment to growth and adaptability. Consider pursuing further education or professional development opportunities in the future.

Remember, finding a job can take time and effort. By tailoring your approach, developing your skills, and using various resources, you can improve your chances of securing a role that aligns with your goals and qualifications. Good luck!
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Sushil

Sushil Sukhwani  |322 Answers  |Ask -

Study Abroad Expert - Answered on Apr 26, 2024

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Sir, my daughter is going to finish her BA with Psychology Honours from Indraprastha College for Women, Delhi University. She has received an offer to pursue her MSC in Organizational Psychology from University of Manchester, UK. We would like to know more about the future prospects of this course and the employability. Also, we would like to know how different it is from an MBA in Human Resources?
Ans: Hello Rohit,

To begin with, thank you for contacting us. I am glad to hear that your daughter is going to complete her Bachelor of Arts (BA) with Psychology Honours and has received an offer to pursue her Master of Science (MSc) in Organizational Psychology from the University of Manchester in the UK. To answer your question first, I would like to tell you that your daughter will be offered a solid basis in understanding human behavior in the workplace as well as real-world abilities in fields viz., talent management, employee evaluation, and organizational development through pursuing a Master of Science in Organizational Psychology from the University of Manchester. Students pursuing this degree are provided with the information and skills required to tackle different difficulties that organizations encounter, viz., leadership effectiveness, employee motivation, and team dynamics.

Concerning your query regarding the future prospects and employability, I would like to tell you that with businesses recognizing the significance of comprehending and maximizing their manpower, the demand for organizational psychology continues to rise. You would be glad to know that your daughter can choose from many different jobs including talent management, training and development, human resources, organizational consulting, and other positions with this degree. Remember that organizational pyschologists are respected for their ability to use psychological principles to enhance productivity in the workplace, employee satisfaction, and efficiency of the organization.

Next, coming to your query as to how this course is different from an MBA in Human Resources, I would like to let you know that an MSc in Organizational Psychology in comparison to an MBA in Human Resources generally places a greater emphasis on the psychological facets of the behavior and growth of organizations. Although topics associated with managing people within organizations is also covered in an MBA in Human Resources, it frequently adopts a more comprehensive corporate viewpoint encompassing fields viz., strategy, marketing, and finance.

I would like to tell you that your daughter's interests and professional objectives play a key role in deciding between an MSc in Organizational Psychology and an MBA in Human Resources. An MSc in Organizational Psychology would be a better choice if your daughter is interested in studying human behavior in the workplace and wishes to gain expertise in fields viz., leadership development, employee well-being, and organizational culture. On the contrary, if your daughter wants to acquire a deeper understanding of business management with a concentration on Human Resources (HR), and aspires to work in more general management positions within organizations, then an MBA in Human Resources may be an appropriate choice.

Remember that both paths can result in lucrative employment prospects. When making an informed choice, I would suggest that your daughter carefully takes into account her strengths, personal interests, and future professional objectives. Moreover, in order to acquire valuable information pertaining to the prospects following the completion of either degree, I would recommend that your daughter conducts a comprehensive study on particular labor markets as well as gets in touch with experts of both the domains.

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |322 Answers  |Ask -

Study Abroad Expert - Answered on Apr 26, 2024

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Dear Sushil, My daughter is 23 years old , finished her MBA from KIMS and got a job in Kirloskar Pune as a HR BP ( Management Trainee)in Jan 2024. Her results were good throughout. Topped 12 from Aditya, BSc Botany from Lady Brabourne kolkata ( 1st class first). Sir, we can't manage funds for going to abroad. Kindly guide us about her next step so that her career escalates. Sanchita
Ans: Hello Sanchita. Thank you for connecting with us. Congratulations to your daughter on her academic achievements and securing a position as an HR business partner (management trainee) at Kirloskar Pune. It is evident that she has a strong academic background, leading to promising career prospects ahead. It is understandable that there are financial constraints at the moment. Furthermore, let me tell you that there are educational loans that would be available for your daughter’s education abroad. Given your daughter’s excellent academic background, she can be eligible for scholarships and financial aid, either fully or partially. This would help your daughter manage her finances well abroad.There are some universities that come with financial aid packages like grants, loans, and work opportunities. This is specially designed to cover tuition fees, living expenses, etc. In addition to this, there are work opportunities as well, which would also be a good option for your daughter. By carefully planning and prioritising expenses, financial challenges won’t be an issue.

All the best to your daughter in her future endeavours.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.
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Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

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Sir my age is 25 and I am earning 29000 per month.i am in govt sector.i am investing 20000 per month in sip in the following funds Motilal Oswal midcap fund 3000 HDFC s&p sensex index fund 4000 Motilal Oswal Nasdaq ETF 3000 Axis small cap fund 2000 Nippon India small cap fund 2000 ICICI prudential nifty 50 ETF 2000 US S&P 500 SPDR ETF 4000 And lastly 1000 in bitcoin but that I don't count because it's very risky and I may lose my money in bitcoin so I consider 20000 as my sip amount instead of 21000....sir kindly check my sip distribution if needed any changes..I will stay invested in market for 20 years and I want my wealth to grow so that I can retire at 45.. kindly provide me your valuable suggestions
Ans: Your commitment to investing at such a young age is commendable and lays a strong foundation for your future financial security. Let's review your SIP distribution to ensure it aligns with your goal of retiring at 45 and maximizing wealth growth over 20 years.

Your current SIP allocation demonstrates a diversified approach, spanning various sectors and geographies. However, given your long investment horizon and goal of wealth accumulation, it's essential to consider a few aspects:

Risk Tolerance: While your portfolio includes both domestic and international equity exposure, it's important to assess your risk tolerance. Small-cap and mid-cap funds tend to be more volatile but offer higher growth potential over the long term. Ensure you're comfortable with the level of risk associated with these investments.
Asset Allocation: Evaluate your asset allocation to ensure it reflects your risk appetite and investment goals. Consider allocating a portion of your portfolio to more stable assets like large-cap funds or debt instruments to balance risk and potential returns.
Review Periodically: As your financial circumstances and market conditions evolve, periodically review your SIP distribution to ensure it remains aligned with your goals. Rebalancing your portfolio may be necessary to maintain diversification and optimize returns.
Emergency Fund: Building an emergency fund equivalent to 3-6 months' worth of expenses is crucial to mitigate financial risks and ensure stability during unforeseen circumstances.
Regarding your Bitcoin investment, it's advisable to exercise caution due to its speculative nature and lack of proven track record. Cryptocurrencies are inherently risky and have not stood the test of time like traditional investment options. Consider focusing on more established and less volatile investment avenues for long-term wealth accumulation.
As a Certified Financial Planner, I advise you to consult with a financial advisor who can provide personalized guidance tailored to your specific financial situation and goals. Together, we can refine your investment strategy to optimize growth and set you on the path to achieving your retirement objectives.
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Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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I am 53 years old. I have fd of 20 lakh, pf of 15 lakhs, ppf of 15 lakhs, stock of 55 lakh, mf of 50 lakh. I invest in 5 lakh yearly in a ulip scheme, 3 lakh yearly in lic pension fund and do sip of 35000 across different mf. Am i retirement ready? I am a single person. I have no dependents. After retirement i will need sbout 80000 pm and will need 7 lakh per year for travelling.please advise
Ans: Given your diversified investment portfolio and diligent savings habits, you're certainly on the right track towards a comfortable retirement. However, let's delve deeper into your financial landscape to assess your readiness.

Your FDs, PF, PPF, stocks, and mutual funds collectively form a robust foundation for retirement. Your annual contributions to ULIP and LIC pension fund further bolster your retirement corpus. However, to ensure your desired lifestyle post-retirement, it's crucial to evaluate if your current investments align with your retirement income needs.

Considering your annual expenses post-retirement, including living expenses and travel aspirations, it's prudent to analyze if your existing investments can generate sufficient income. Additionally, factoring in inflation and potential healthcare expenses is paramount.

As a single individual with no dependents, your retirement planning focuses solely on your own needs and aspirations. While your investment portfolio appears substantial, a detailed retirement income projection would provide clarity on whether it adequately meets your desired lifestyle post-retirement.

As a Certified Financial Planner, I recommend conducting a comprehensive retirement planning analysis to ensure your financial goals are met with confidence and peace of mind. Together, let's fine-tune your retirement strategy to ensure a fulfilling and financially secure future.
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Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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Hi i am 40 years old and working in private sector. Current investments in SIP's are UTI index and I Pru next 50 @ 1000/weekly, Nippon Small Cap @ 1500/Weekly also HDFC Mid cap opportunites @ 1000/weekly. I also have monthly SIP's in Canara Robeco Emerging Equities @ 2000,Invesco Multicap @ 2500, Mirae Emerging Bluechip @ 2500, Mirae NYSE Fang ETF FOF @ 5000, Quant Small cap @ 2000, PPFAS flexicap @ 2500, UT Flexi @ 2500. Most of the SIP's have been started in last 2-3 yeasr.
Ans: It's commendable that you've taken proactive steps towards securing your financial future, especially with such a diverse portfolio of SIPs. At 40, you're in a crucial phase of life where every investment decision counts. Your commitment to regular investing reflects a thoughtful approach to wealth accumulation.

With SIPs spread across various sectors, you've embraced the beauty of diversification. But have you ever pondered over whether your current investments truly align with your long-term goals and risk appetite? It's crucial to periodically reassess your portfolio's composition to ensure it remains in sync with your evolving financial aspirations.

Remember, the journey to financial independence is akin to a marathon, not a sprint. Each SIP contribution represents a step forward on this journey, building wealth brick by brick. As a Certified Financial Planner, I appreciate your dedication to securing your financial future and encourage you to continue this journey with wisdom and foresight.

In the vast landscape of investment opportunities, your portfolio reflects a tapestry of choices tailored to your vision. But as with any masterpiece, periodic reflection and adjustment are essential to ensure its continued brilliance. Let's navigate this journey together, crafting a future that's both prosperous and fulfilling, one SIP at a time.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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